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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Arktic who wrote (51)	1/10/1999 10:04:00 AM
From: Zeev Hed	Respond to of 2383

Paul, actually, the .23 billions of PROG is last year, while the one billion of Amazon is based on last quarter. If you based PROG on the last quarter, you would get an annual rate of .288 billion and my own forecast (which I hope is conservative) is for .3 billions in sales in the current year. I'll take a valuation which is only 1/10 of that of Amazon, and I still get much more then my initial target of $60/share. I do not want to write that number down, it is a little in the "La La Land" . There is more chance IMHO for Amazon's share price to come down to reality then for PROG to be priced at a PSR of 25. But who knows, the market price of Amazon is currently ridiculous, but it could become ludicrous. I would not bet against "ludicrosity" reigning however, go and ask all the broken shorts in Amazon and Yahoo about rational markets. Zeev